CIOs Warnen: Kann Aktienrally bis 2026 halten?

Leading Swiss chief investment officers and finance professors are divided on whether the current stock market rally can sustain through 2026, with opinions ranging from cautious optimism to stark warnings about overheated valuations. In a comprehensive survey by finews.ch, thirteen top financial minds from institutions including UBS, LGT, Swiss Life, EFG, Vontobel, Neue Bank, and Reichmuth & Co, alongside renowned academic experts, assess the market’s trajectory amid record highs and political tensions.

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Ripple’s XRP Gains German Media Spotlight on Banking Role

A recent segment on German finance channel Der Aktionar TV featured Ripple and XRP, with David Hartmann of Vontobel explaining how the cryptocurrency is gaining traction in global banking. The discussion focused on XRP’s function as a bridge currency that simplifies international transfers by reducing the need for multiple currency conversions, thereby cutting costs and settlement times. The program also highlighted Ripple’s recent legal victory against the SEC, which has provided regulatory clarity and boosted institutional confidence. Additionally, the segment covered investment products like certificates and futures that allow exposure to XRP without direct ownership, while also addressing risks associated with stablecoins and currency fluctuations.

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Chainlink Powers Trillions in On-Chain Finance

Chainlink is playing a pivotal role in bringing traditional finance on-chain, collaborating with giants like SWIFT, Mastercard, and J.P. Morgan. Its infrastructure supports trillions in value, facilitating cross-chain settlements and tokenized assets. Key initiatives include Project Guardian in Singapore and Project Acacia in Australia, both leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE) for secure transactions. With a $13B market cap and a 24% weekly surge in LINK’s price, Chainlink’s real-world utility—from AI-driven document processing to private transactions—sets it apart from competitors like Avalanche and Stellar. Financial institutions are increasingly relying on Chainlink to modernize legacy systems without overhauling them.

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Vontobel Faces CHF 1.8B Outflows Amid Leadership Crisis

Vontobel’s Institutional Clients division, led by Christel Rendu, recorded CHF 1.8B in outflows, contrasting sharply with Georg Schubiger’s Private Clients arm, which attracted CHF 2.4B. The widening performance gap has triggered a leadership crisis, with Rendu retaining operational control despite poor results. Former CEO Zeno Staub’s return to the board has fueled rumors of strategic overhauls, including a potential sale or executive reshuffle, as major shareholder Hans-Dieter Vontobel seeks solutions. The article frames the divergence between Rendu’s struggling institutional business and Schubiger’s thriving private client operations as a power struggle with existential implications for the Zurich-based private bank.

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Vontobel’s Leadership Crisis: Rendu vs. Schubiger

Vontobel’s Institutional Clients division, led by Christel Rendu, suffered CHF 1.8B outflows as Private Clients under Georg Schubiger attracted CHF 2.4B. The performance gap highlights a leadership crisis, with Rendu maintaining operational dominance despite poor results. Former CEO Zeno Staub’s return to the board sparks speculation about strategic shifts – including a potential sale or CEO reshuffle – as major shareholder Hans-Dieter Vontobel seeks solutions. The article contrasts Rendu’s waning institutional business with Schubiger’s successful private client arm, framing it as a power struggle with existential implications for the Zurich private bank.

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Trump’s Tariffs Trigger Swiss Bank Crisis

Swiss banks like UBS and Julius Bär are reeling from the impact of Trump’s tariffs, with their heavy reliance on US markets and dollar-denominated assets proving disastrous. As US stocks drop by 20% and the dollar weakens, fee income for wealth management services is collapsing. With personnel costs making up 70% of expenses, massive job cuts appear inevitable. The situation is exacerbated by Trump’s deliberate efforts to weaken the dollar to counter trade imbalances. This perfect storm of falling markets and currency devaluation threatens Zurich’s standing as a financial hub, with banks forced to implement drastic cost-cutting measures to survive the crisis.

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